Business Description:
K&S Corporation Limited (KSC) is involved in the management of supply chains where linehaul and local transport, export, wharf cartage, bulk transport and storage play key roles. Wholly owned subsidiaries include DTM Business Logistics and Regal Transport.

Strategy Analysis:
The acquisition of Pacific Transport was completed in January as part of KSC's strategy to expand into Western Australia's rapidly developing oil and gas resources in the state's Far North West. K&S has a dual strategy for growth: operational restructure and revenue growth. The restructure involves changing the focus of the business from a specialist transporter to a provider of total logistic solutions. KSC has determined that broadening their service offering will increase their customer base, particularly of smaller scale customers, from which K&S can earn higher margins. Revenue growth will be achieved by seeking out further acquisition opportunities in NZ and aggressive contract tendering in logistic operations, as well as improving strategic partnerships within the forwarding industry. . K&S Corporation reported NPAT up 20.9% to $14.83m for the year ended 30 June 2011. Revenue from ordinary activities were $523.36m, up 15.2% from last year. Basic and Diluted EPS were 18.3 cents compared to 26.3 cents last year. Net operating cash flow was $34.13m compared to $35.95m last year. The final dividend declared was 5 cents, taking the full year dividend to 10 cents compared with 14 cents last year.